i guess it has its benefits...to say none would be too unjust....
there are certain target of people would loves that.
for others.....it would be a question of "is there any other plan or retirement vehicles that is BETTER than this that also suits me?"

It’s an insurance plan. It falls under the category of deferred annuity hence you can get extra tax relief under ‘Deferred Annuity and PRS’ category until YA2021 IF you do get this plan.

No, it’s not meant for ‘profit’. It’s an insurance plan with non-guaranteed investment returns. There’s an illustration if you have the brochure or you can just download the brochure online.

Beneficial is a too-broad of a question.

If you ask if there’s better option that can provide something similar. My answer is definitely yes.